Super Micro Computer (SMCI 3.49%) stock posted significant gains again in Tuesday's trading. The company's share ended the daily session up 3.5%, according to data from S&P Global Market Intelligence.After the market closed yesterday, Super Micro Computer published results for its fiscal second quarter -- which ended Dec. 31. The company posted sales and earnings performance that came in ahead of the market's expectations, and it also issued encouraging forward guidance.When Super Micro published upward gui ...

Super Micro Computer Inc (NASDAQ:SMCI) stock is jumping to record highs today, after the company's stellar fourth-quarter results and full-year forecast exceeded analyst estimates. The artificial intelligence (AI) server maker's surge is lifting other AI-related stocks as well, including Nvidia (NVDA). Jumping above recent pressure at the $500 level to never-before-seen levels, SMCI hit $554.44 at today's peak. The stock has since pared those gains, though still up 4.1% at $516.00 at last glance. Super Micr ...

Shares of Super Micro Computer (SMCI 2.80%) were moving higher today after the company delivered strong fiscal second-quarter results and impressed the market with its guidance.Supermicro had already reported preliminary results, so the second-quarter numbers weren't a surprise, but the guidance made it clear that the company's rapid growth from the artificial intelligence (AI) boom will continue for the rest of the year.As of 1:21 p.m. ET, the stock was up 3.1% after trading up as much as 11.9% earlier in ...

Key TakeawaysSuper Micro Computer revenue more than doubled on surging demand for artificial intelligence products.Second-quarter revenue and earnings at the server maker, an Nvidia partner, beat estimates.Shares jumped to an all-time high and are up 600% in the past year.Shares of Super Micro Computer (SMCI) surged to an all-time high Tuesday after the server maker posted better-than-expected quarterly results and raised its guidance for fiscal 2024 as it benefits from demand for artificial intelligence (A ...

Shares of Super Micro Computer popped more than 5% Tuesday, a day after the company handily exceeded estimates and raised its full-year revenue outlook in its fiscal second-quarter earnings report.Super Micro said revenue for the quarter came in at $3.66 billion, up from the $3.06 billion expected by analysts, according to LSEG (formerly known as Refinitiv). The company reported adjusted EPS of $5.59, well above the $4.93 analysts were anticipating, and even surpassing Super Micro's own guidance from earlie ...

Super Micro Computer (NASDAQ:SMCI) stock is rising higher on Tuesday after the company posted positive earnings results for its fiscal second quarter of 2024.The good news for SMCI stockholders starts with its adjusted earnings per share of $5.59. This is better than the $5.16 per share Wall Street was expecting. It’s also a major improvement over the $3.26 per share reported in the same period of the year prior.Adding to that is Super Micro Computer’s revenue of $3.66 billion. Yet again, that comes in abov ...

Super Micro Computer Inc., riding high on its ability to sell servers loaded with many of Nvidia’s chips, is now seeing growth rates similar to the chip giant, prompting investors to question how long this AI boom can last.The question is even more applicable to Supermicro SMCI, +4.54% than Nvidia because, by definition, the computer and server maker is in a commoditized business. Nvidia NVDA, +2.35% designs its own proprietary graphics processor chips that are in huge demand for AI applications, while serv ...

Super Micro Computer, Inc. (NASDAQ:SMCI) Q2 2024 Earnings Conference Call January 29, 2024 5:00 PM ET Company Participants Charles Liang - Founder, President and CEO David Weigand - Chief Financial Officer Michael Staiger - Vice President, Corporate Development Conference Call Participants George Wang - Barclays Samik Chatterjee - J.P. Morgan Nehal Choski - Northland Capital Markets Jon Tanwanteng - CJS Securities Quinn Bolton - Needham Aaron Rakers - Wells Fargo Ananda Baruah - Loop Capital Operator Thank ...

After Super Micro Computer Inc. shares surged to their best day on record earlier this month upon upbeat preliminary financial results, they were rallying again after the company issued a blowout outlook Monday afternoon. Super Micro SMCI, +4.54% expects fiscal third-quarter revenue of $3.7 billion to $4.1 billion along with adjusted earnings per share of $5.20 to $6.01. Both forecasts came in well above the FactSet consensus, which was calling for $2.9 billion in revenue and $4.61 in adjusted EPS. “Wh ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...